The KUIK Morning Market Report for Thursday, October 5:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
19
points
22,682
7:07 AM
S&P500
Up
0.2%
percent
2,542
4.66
Nasdaq Composite
Up
0.3%
percent
6,553
18.10
30 Year Treasury
Unchanged
–
Basis Points
2.88
Annual Yield
The Labor Department reports initial claims for unemployment benefits fell by 12,000 to 260,000 the week ended September 30. Economists expected 265,000. Continuing claims, fell slightly to 1.94 million.
he U.S. trade deficit dropped 2.7% in August to $42.4 billion from $43.6 billion in July. Economists expected $42.6 billion. The trade deficit shrank mainly because of higher U.S. exports of drugs, semiconductors, and phone netework equipment. Imports were unchanged. Imports from China set a fresh record at $45.8 billion. The goods deficit with Vietnam was the highest ever at $3.6 billion.
Amazon.com has been experimenting with its own delivery service that would make more items available for free two-day shipping and reduce overcrowding in company warehouses, according to Bloomberg. The possibility of an Amazon delivery service replacing partts of UPS FedEx in ecommerce sent their shares down 0.49% in early trading .Amazon has been testing its own delivery service in India for the past two years and deployed the delivery service on a trial basis on the West Coast earlier this year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
